EUR/NZD will fall towards the support of 1.6380. The pair has recently breakdown after breaching the rising trendline. The pair is tracing the wave 5 of the 1-2-3-4-5 Impulsive Elliot Waves.
![](http://www.dukascopy.com/imageserver/img/e8ee089632b37af4fafbba8a14fe3db7/500_2/image.jpg)
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